First Savings Financial Group (NASDAQ:FSFG) Cut to “Buy” at StockNews.com

StockNews.com downgraded shares of First Savings Financial Group (NASDAQ:FSFG) from a strong-buy rating to a buy rating in a research note published on Thursday.

Several other research firms have also commented on FSFG. Piper Sandler boosted their price objective on shares of First Savings Financial Group from $27.50 to $31.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Hovde Group began coverage on First Savings Financial Group in a research report on Wednesday, September 11th. They set a “market perform” rating and a $24.00 price target on the stock.

First Savings Financial Group Stock Down 3.2 %

Shares of First Savings Financial Group stock opened at $25.35 on Thursday. First Savings Financial Group has a 1 year low of $14.55 and a 1 year high of $30.94. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.16 and a quick ratio of 1.09. The stock has a market cap of $174.86 million, a price-to-earnings ratio of 12.80 and a beta of 0.75. The firm’s 50-day moving average is $28.06 and its two-hundred day moving average is $23.98.

First Savings Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.37%. The ex-dividend date was Monday, December 16th. First Savings Financial Group’s payout ratio is currently 30.30%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its holdings in shares of First Savings Financial Group by 1.2% during the third quarter. Geode Capital Management LLC now owns 58,253 shares of the bank’s stock worth $1,387,000 after purchasing an additional 690 shares during the period. Barclays PLC increased its holdings in First Savings Financial Group by 72.9% in the 3rd quarter. Barclays PLC now owns 3,396 shares of the bank’s stock worth $81,000 after buying an additional 1,432 shares during the period. Empowered Funds LLC raised its position in First Savings Financial Group by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 32,198 shares of the bank’s stock worth $767,000 after buying an additional 1,608 shares during the last quarter. Cerity Partners LLC lifted its stake in First Savings Financial Group by 166.0% during the 3rd quarter. Cerity Partners LLC now owns 68,421 shares of the bank’s stock valued at $1,629,000 after acquiring an additional 42,696 shares during the period. Finally, Fourthstone LLC boosted its holdings in shares of First Savings Financial Group by 166.2% in the 3rd quarter. Fourthstone LLC now owns 214,671 shares of the bank’s stock valued at $5,111,000 after acquiring an additional 134,029 shares during the last quarter. Institutional investors and hedge funds own 35.22% of the company’s stock.

About First Savings Financial Group

First Savings Financial Group, Inc operates as the bank holding company for First Savings Bank that provides various financial services to consumers and businesses in southern Indiana. The company operates through three segments: Core Banking, SBA Lending, and Mortgage Banking. It accepts deposits, such as checking accounts, NOW and money market accounts, regular savings accounts, and time deposits.